Published date: 26 August 2022

This notice was replaced on 7 February 2023

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 7 February 2023)

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Contract summary

Industry

  • Treasury services - 66600000

Location of contract

United Kingdom

Value of contract

£140,000 to £200,000

Procurement reference

00010-FIN

Published date

26 August 2022

Closing date

23 September 2022

Closing time

5pm

Contract start date

9 January 2023

Contract end date

8 January 2026

Contract type

Service contract

Procedure type

Open procedure (below threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Any bidder wishing to be considered for the above requirement must be able to provide and directly support all requirements stated below.
Provide:
1. Daily financial market information, to include SONIA as a minimum
2. Regular (daily, weekly or monthly, as appropriate) updates on funding markets, inflation, UK and international macroeconomics
3. Assumptions for forecast SONIA rates for budgeting purposes
4. Regular updates on counterparty credit ratings

Funding & Hedging
Provide analysis, guidance and advice on:
1. All aspects of structure of debt, hedging and investments, to include
- Interest management strategy
- Term and market structure of debt
2. Structuring and implementing funding from bank, bond and other markets
- To include negotiations with counterparties where requested
- To exclude Advisor / Arranger / Bookrunner role
3. Detailed assistance on structuring and implementing hedging transactions
4. Provide annual strategy for funding and hedging
5. Provide mark-to-market valuations to be available daily
6. Provide monthly accounting entries for hedging portfolio
7. Undertake EMIR compliance, as requested by Stonewater

Other Treasury
1. Review treasury policies initially and upon request and provide advice in line with good practice
2. Provide analysis and advice on investments

Business Planning
1. Provide business planning assumptions for inflation, interest rates and other parameters
2. Review plans, and undertake scenario / risk analysis

Credit Rating
1. Analyse business plans in terms of rating agency criteria (minimum 3 per annum, plus ad hoc)
2. Provide advice and guidance before and during annual and other reviews

Training
1. Provide training to Board, Stonewater executive or staff on treasury and corporate finance subjects

Board and Finance Committee meetings
1. Attend Board or Finance Panel meetings on request

More information

Attachments

Additional text

The tender can be accessed in Stonewater's e-procurement platform, Delta, using the code 88R6EVH54C

About the buyer

Contact name

Andrew Russell

Address

Suite C, Lancaster House,Grange Business Park, Enderby Road, Whetstone
LEICESTER
LE86EP
England

Telephone

07387024336

Email

andrew.russell@stonewater.org